Salt Lake Telegram | 1933-07-15 | Page 5 | Envoys Study Price Raising

ENVOYS STUDY PRICE PRIE RAISING Economic Delegation Drafts Drafs Commercial Commercial- Monetary Policies C U By Press LONON LONDON July 15 The iS-The The American delegation was w considering today tay a final effort eUort to forward President Roosevelt's s plan pla of world wide price raising as a the world economic conference conference confer confer- ence rec recessed d for tor the te week The tentative draft of a resolution outlining monetary and commercial policies to achieve this th end was wa under under un un- un der discussion by some of the American Amer ican jean ex experts ert and ad delegates delegate The had decided delegation not yet however f hether it would be b ay any use to introduce such sch a measure in inthe inthe inthe the final fortnight of the parley I whose leaders agreed yesterday upon cessation of deliberations on July 27 The American delegates delegate were desirous desirous de de- de sirous of avoiding any ay steps which might revive the controversy with the gold bloc which has h taken exception exception except tion to American policy as regards regard dollar dolar stabilization AMERICAN THESIS I The American thesis hei is i that a higher price level will wi permit eventual eventual even even- monetary stabilization which is isso isso i so s ardently desired by the gold coun coun- tries trie In some quarters there was wa hope therefore that the te price prie raising rais rats ing lag resolution might be so s phrased as to bring the gold group and the countries closer close together James P. P Warburg one of ot the chief chef financial advisers for the delegation left lef for or New York today to make a a complete report to t President Roosevelt Roose Rose velt vel which he ne will be able to t do a afew afew afew few days before the final session of the assemblage assemblage Prime Minister MacDonald of Great Britain chairman of the conference is i one of those who still sti refuse to admit failure of the efforts here His influence was seen in i the only meetIng meet meet- met tag Ing ig held here today toay that of wheat experts experts ex who are trying to agree agre upon the American proposal for raising wheat prices price through restriction of production OUTINGS DISMISSED Several negotiators had planned week end outings but Mr MacDon MacDon- aid ad the Americans and some others oters insisted that no time te should be lost and ad at least one expert had to be summarily recalled reale from his hi proposed pro proposed pro posed days day's rest reL The wheat delegations are now working on a more or less les nonstop schedule until some sort of a decision decision deci sor sion will wui be hammered out put When other committees resume their labors Monday it i Is i understood that thc tC they instructions to keep will wI get similar kep working steadily